Most people focus on the money and even this can be misleading. As the calculator shows if the new job pays more but demands longer working hours or working more days then the extra pay can be quickly eroded.

For example, the benefit of increasing your salary from $70,000 to $90,000 can be erased simply by working 2 extra hours a day. These two also impinge on your work/life balance by intruding on time you would have otherwise spent with friends and family.

Most Australians harbour the dream of home ownership and this has led to them being the most indebted nation on the planet. Home ownership in countries like Germany, Austria and Switzerland is only around 50% or less.

General information

The information on this website is general information and not a recommendation. A recommendation can only be made after taking all your personal circumstances into account. Please consult a licensed financial adviser before making any decision.